and girard, come up here.here is no one better that has served our history, thank you, girard. >> when i was a little baby homosexual in arizona, i didn't know there was anyone in the world like me. i thought i was all alone and i thought i was the only one on this planet and planning to kill myself and then i heard about gay liberation and san francisco and i got the hell out of phoenix and found this community. i learned that our people have always existing in every time and there is people like us. it's important to know that because that information saved my life. with all the progress that we have made, and i have witnessed such extraordinary progress [ applause ] but i tell you there was no doubt within a mile of us right now there is a child that feels they have no place in this world, who think they will not beloved, who have no purpose, no family and they are getting ready to take their own lives. it is still happening. this is the way we save those lives. i want to thank everybody, raphael. [ applaus

michelle girard. >> thanks, frank. >>> earnings season ramping up tomorrow. from the big banks with wells fargo and citi and morgan stanley. we have leslie picker on what to watch with the results. >> reporter: banks are important with the quarter earnings, but thanks to the fed 50-basis point cut, the executive commentary about the performance in the easing cycle is the biggest issue of share performance according to analyst. floating rate loans re-priced down faster than what banks paid to customers for deposits. that can create a short-term profitability headwind for loan making. the market was spooked back in mid-september based on remarks that jpmorgan president coo said where nii expectations were too high. i actually sat down with pinto yesterday and asked him if market expectations have since caught up with what he sees as reality. >> we saw we're too optimistic on what to expect based on what the rate cut was showing at the time. so, i think that we saw nii at the time was too high in the expectations. now they have adjusted some of it. >> you think

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and this leads us to renÉ girard, who wrote a book called violence and sacred.his idea is that we imbue violence with a sacred duty. and this, i think, is connected to western is connected to religion. it's connected to the american founding myth of the frontier, because murder is an because men must be forcibly restrained from murder. vengeance is inflicted o all thcoit it. gaon never to shed blood cannot be distinguished from the obligation, exact revenge. if men wish to an intimate, interminable outbreak of vengeance. sts today we wish to prevent nuclear war, it is not enough to violence istae.fellows that for it is precisely because. they detest violence that men a duty of vengeance. so it's a violence becomes sacred in this instance because to exact revenge is to prevent violence from occurring. and so you are you're mandated commit violence to stop violence. now before we get to the sort of the way the book addresses this question, i want to go back to the idea the detective novel. and when you when we read the detective novel, let's say dashiell hammett's

and this leads us to renÉ girard, who wrote a book called violence and sacred.his idea is that we imbue violence with a sacred duty. and this, i think, is connected to western is connected to religion. it's connected to the american founding myth of the frontier, because murder inspires because men must be forcibly restrained from murder. vengeance is inflicted on all those who t. the obliev to shed blood cannot be distinguished from the obligation, exact revenge. and thos who shed it. enisho an intimate, interminable outbreak of vengeance. judawe wish to prevent nuclear war, it is not enough to convince their fellows that en is detes for it is precisely because. they detest violence that men a duty of vengeance. so it's a violence becomes sacred in this instance because to exact revenge is to prevent violence from occurring. and so you are you're mandated commit violence to stop violence. now before we get to the sort of the way the book addresses this question, i want to go back to the idea the detective novel. and when you when we read the detective novel, le

and girard, come up here.here is no one better that has served our history, thank you, girard. >> when i was a little baby homosexual in arizona, i didn't know there was anyone in the world like me. i thought i was all alone and i thought i was the only one on this planet and planning to kill myself and then i heard about gay liberation and san francisco and i got the hell out of phoenix and found this community. i learned that our people have always existing in every time and there is people like us. it's important to know that because that information saved my life. with all the progress that we have made, and i have witnessed such extraordinary progress [ applause ] but i tell you there was no doubt within a mile of us right now there is a child that feels they have no place in this world, who think they will not beloved, who have no purpose, no family and they are getting ready to take their own lives. it is still happening. this is the way we save those lives. i want to thank everybody, raphael. [ applaus

50, but it was really like 25 from the meeting where we didn't do it and another 25 and michelle girardays it is 110. they probably feel pretty good about the steps they have taken. they can certainly justify them. >> i think you're right. i think the fact it has taken an aggressive step given how high interest rates are versus neutral. there's a lot of ground to make up we heard goolsbee talking about the fact that interest rates need to come down a lot. i think he's just recognizing the fed is still in a pretty restrictive posture given the fact we have seen tangible slowing on the economy and inflation is moving within range of the fed's target. they have that 2% target i think we all believe somewhere between 2% and 2.5% is where the fed feels comfortable. we expect to move in that and be that by the end of the year. we expect unemployment rate ticking higher we have it stepping back by the end of the year. we think that will be at 4.5%. g again, given all that where the inflation rate is, we feel the fed would feel more comfortable with rates closer to the neutral posture. >> i gue